CryptoCointelegraphabout 4 hours ago
Sony Bank Gets OCC Nod for Stablecoin
1 min read
Sony Bank received preliminary OCC approval to establish Connectia Trust, a US national trust bank subsidiary issuing dollar-denominated stablecoins. The unit, fully owned by Sony Bank, is backed by $40 million in starting capital. No stablecoin issuance will occur until final OCC approval is granted.
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